You can find four entities inside the trading method. Buying and selling customers, clearing associates, Experienced clearing members and contributors.
1. Investing associates: Trading associates are customers of NSE. They can trade both on their own account or on behalf in their clientele together with members. The exchange assigns a Investing member ID to each investing member. Every investing member might have multiple user. The volume of people authorized for each investing member is notifi ed from the Trade occasionally. Just about every consumer of a buying and selling member have to be registered Together with the Trade which is assigned an one of a kind user ID. The special buying and selling member ID features as being a reference for all orders/trades of different consumers. This ID is popular for https://en.wikipedia.org/wiki/?search=소액결제 all people of a specific trading member. It's the responsibility from the buying and selling member to keep up adequate Command in excess of persons accessing the fi rms Person IDs.
two. Clearing members: Clearing associates are members of NSCCL. They carry out chance management 소액결제정책 functions and confi rmation/inquiry of trades with the investing method.
3. Specialist clearing associates: A professional clearing customers is often a clearing member that is not a buying and selling member. Usually, banks and custodians develop into Specialist clearing members and very clear and settle for their trading members.
four. Members: A participant is usually a customer of buying and selling associates like money institutions. These customers may trade through many investing users but settle through a single clearing member.